Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

Note 15. Leases

We have commitments for future payments related to office facilities leases. We determine if an arrangement is a lease at inception. Operating lease assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As our leases do not provide an implicit rate, we use our estimated incremental borrowing rate based on the information available in determining the present value of future payments. Operating lease assets also exclude lease incentives and initial direct costs incurred. Some of our leases include options to extend or terminate the lease. Our leases generally include one or more options to renew; however, the exercise of lease renewal options is at our sole discretion. For nearly all of our operating leases, upon adoption of the new guidance, we have not assumed any options to extend will be exercised as part of our calculation of the lease liability.

We have operating leases for office space and data centers with remaining lease terms of 1 year to 5 years.

In 2020, we recorded $1.1 million of lease impairment charges for an office space previously vacated. This charge was recognized in restructuring and other charges on the consolidated statements of operations.

In 2020, we entered into an amendment that extended an office lease, resulting in a right-of-use asset obtained in exchange for lease obligations of $0.9 million.

Details related to lease expense and supplemental cash flow were as follows (in thousands):

	Year Ended December 31,
	2020		2019
Operating lease expense	$	4,118	$	4,360
Variable lease expense	711		758
Sublease income	(1,330)		(1,363)
Net lease expense	$	3,499	$	3,755
Operating cash outflows for lease liabilities	$	4,356	$	4,403

Details related to lease term and discount rate were as follows:

	December 31, 2020		December 31, 2019
Weighted-average remaining lease term (in years)	3 years		4 years
Weighted-average discount rate	4.95	%	4.66	%

Future minimum lease payments as of December 31, 2020 are as follows (in thousands):

	Office Leases
2021	$	3,599
2022	2,899
2023	2,600
2024	1,867
2025	195
Total minimum payments (a)	11,160
Less: Imputed interest	950
Present value of total minimum payments (b)	$	10,210

(a) Total minimum payments exclude executory costs, inclusive of insurance, maintenance, and taxes, of $5.1 million; minimum payments also have not been reduced by sublease rentals of $2.7 million due in the future under subleases.

(b) $6.8 million is included in Long-term lease liabilities and $3.4 million is included in Accrued and other current liabilities on the consolidated balance sheets.